well... i'm not sure you'll be in the top 10. i'm in the top 10, roger. >> right now on espnews, game 4 of the nba finals is underway. the lakers off to a slow shooting start. see if they've picked it up since. the red sox an >> right now on espnews, the red sox and yankees both getting great nightsht from their starters. who iste going to finish at fenway? t the national league, phillies and the mets doing battle before everyone starts interleague play. on the golf course, phil mickelson with mixed emotions, but no question about the results. espnews swinging your way, now.

>> royals-indians a crazy one here. look at the seagulls. the ball goes past coco crisp into centerfield. that was the replay of a game-winning single. one-more look. oh, straight up the middle. 2 on. hits the seagull. good hands. coco crisp says what about the bird? and the indians come back, you know, they say stranger things have happened? hawks the bird for the game winner? certainly not tonight. but #-3 final. and zach grain kia lous three earned runs. his era coming in was 1.5.

with that, we welcome you to another half hour of espnews. along with jonathan coachman, i'm steve bunin, we're in high def. we always keep you up to date with everything going on in the world of sports. game-winning home runs off of birds. raoul ibanez, with the game winning home run. lot of people wondering if the game shooting was an aberration. would they answer a lot of questions? what did they do in game 4? did kobe bryant hit the wall? or did he hit a bird? no, there are some birds in or oregon land owe. however, kobe bryant driving through theom lane. count it, and one. kobe had 13 in the first quarter. later, defense by dwight howard. turning into offense the other way. alston throws it up. and it goes. he wanted the foul as well. second quarter, magic up 7. rashard lewis off the pick and roll. can't leave that guy open.

why would you go to nelson when rashard lewis is wide open? maybe that's why the lakers are trailing at halftime. then, j.j. redick. slips, no problem, turk alieu, and right now, the lakers have managed only 37 in the first half. turkoglu pacing the magic with 15 points. >> as soon as this is over, right now, right now, dwight howard, is standing by at the half. >> you did not get your first couple of field goals until late in the second period. yet you had a major influence on the first half. what were you looking to do early? >> trying to be the first one on

the defensive end. block shots, rebound, and make it toughe for those guys to score. but we've got two more quarters, so we've got to keep it up. >> your defense solid in the first half. lakers under 40%. what are you doing to influence them on the defensive end? >> we're moving our feet. we're not going for a lot of pump fakes and we're just having fun. >> thank you. >> all right, as soon as this game is over, espnews, of course, is where you want to be after the game. and if it continues to go this way, i certainly want to hear what phil jackson and kobe bryant have to say if the orlando magic even the series up at two games apiece. >> >> drama in baseball. rubber match between the phillies and mets. carlos beltran. off jamie moyer. couple i have guys that have been around a little bit. beltran drove in all three runs. top of the 7th. run scores, game tied at 3. top of the tenth. two on for raoul ibanez.

goes out, and gets it deep into the new york sky. 21st jack of the season for raoul ibanez. a career season for the 37-year-old. phillies get the win, 6-3, improving that lead in the national league east, bit by bit by bit. ryan howard, a bagel. but still the phillies finish up their ten-game road trip 7-3. tomorrow they're home against boston. the mets are cross town against the new york yankees. >> speaking of which, the yankees were down 1-0 early. came back with three in the 7th to go up 3-1. now boston takes the one-run lead. highlights when it goes final from fenway park. angels and rays are over.

top of the fourth. david price, jeff mathis. price went 4 and a third. top fiefn. guerrero, the shot. doubles off bobby abreu. oh, you're killing me, smalls. >> bottom of the eighth. and carlos pena for the 19th time this season. he's a sandlot kid. look at the effort out in right field by that kid. the rays count out 15 hits and a big win over the angels who have lost 4 of 5 after a big win streak. pena goes back-to-back after the 7th straight game. evan longoria snaps the 19th at bat with a homer in the fifth inning. >> tigers and the white sox wrapping up a five-game set. top 5, 3-1, 3-all.

curtis granderson, goodbye. ties the game with his 14th. we go to the bottom of the ninth. and here's your controversy. we saw a game-winning hit off a third. how about a game-saving play by a fan? watch this. nice catch, but did you go into the field of play to make the catch? jim leyland says he did. tigers sigh he did. game's in chicago. later in that at-bat, podsednik chops c it to right. past the infield, and that's the end of the game. the tigers are mad, but they didn't have an out at the time. and who knows if having an extra they would have. still, controversial finish. chicago gets the win. white sox are in milwaukee tomorrow. tigers are in pittsburgh. >> all right, minnesota trying to win three in a row on the road for the first time this season. bottom 8, adam kennedy.

minnesota trailing 3-1, no more. tied at 3 after the two-run home run. bottom of the ninth now. davis, with two men on. just dumps it into right. that would prove to be your game winner. a's win 4-3. they are starting to pick up steam. oakland has won 9 of 12 overall which includes a 7-game win streak. the twins are just 9 and 20 on the road this season. they have fewer than ten road wins. >> rockies-brewers, colorado riding a seven-game win streak. ian stewart, a major part of that. continuing to role. this one will get out. number 12, up 2-0. bottom 7. big play here. bases loaded for ryan brawn. 2-2 counts. swing and a miss. brawn would homer in the ninth.

but the rockies escape. they've now won eight straight. outscoring their opponents during that span. galliard owe, five innings, that ties the shortest outing of the season with a loss. >> all right, houston took 1 innings, but they found a winn winner. >> walkoffs, extra innings. the most bizarre thing you'll see tonight in sports is coming up next.

thank you. mr. scott of georgia is recognized five minutes. >> thank you, mr. chairman. i want to see to things because i think from various conversations during the first part of the hearing just to make clear we are all capitalists. we believe strong in the capitalist system and the reason this committee is moving in exploring this issue is because we care about the capitalist system and the capitalistic system is not manifested just with ceos. it is not structured to take care of them have first. the capitalistic system is geared with public interest.

it is geared with shareholder interest. what we are concerned with particularly in the financial sector, is the health of our economy at the heart of the health of our economy is basically a our financial service industry. and so, what we have here in dealing with this issue of compensation and the role it plays in a systemic risk is that there is a valve clogging going on and we need to examine this so that this heart, the heart of the system, the financial system, does not in danger itself with a heart attack. a quad arteries bring that and we do have a plot artery. it is true that excessive compensation has played some

degree and contributing factor to our financial situation. and i think what we are trying to do here is on two levels. one, we have to respond to companies like ag and others that ask for the tax payers money to help them. we have got to make sure we are good stewards of the taxpayer dollar to make sure compensation is in line and it is clear, anybody with any ounce of caring about the capitalistic system realize giving $168 million in bonuses in compensation of tax payers' money to a failing company asking for a bailout was excessive. but what it did is open to us up to the realization of perhaps this compensation issue, this heavily in balanced structure

between bonuses and salaries certainly had some risk involved. excessive compensation packages were indeed a contributing factor because incentives for short-term gains overwhelmed with checks and balances meant to mitigate against the risk of excessive leverage so the question is how can we better aligned our compensation packages with sound management risk that properly measure we board performance. like scott burris with the ceos that cut deals regardless of performance. secure paging some of these ceos as if they were 350-point hitters hitting 50 home runs when they are to20 hitters, no performance. so i think that what is wrong with having shareholders to be able to have a say in these

packages. we have an excellent run company in my state of georgia, aff -- aflac with success. people want to see that the people running the companies have talent. so we have excellent examples here of shareholders taking part of that but i just want to make sure that is clear but my question to comment is how can we better align compensation packages with sound management so that they properly measure pay for performance and what is wrong with having shareholders have a say, not the government, but the people who own the company, they ought to have a

say in what these people are being paid particularly hired with contracts. >> we have time for one answer. >> i truly think the say on pay is a situation of all of this live, no downside. you are in power in shareholders with the ability to have stronger oversight. you are forcing the company to think more seriously about what they do and how it will be received in automatic practices since their peer group is doing. all i am saying since we have time issues is i think that you need some type of long-term compensation or something that at least makes you internalize

some of the risks you are creating so you do not get in tire industries or sets of employees being paid by volume based on fees and nobody in the process is looking at the underlying value or the long-term risk and i think the hard part for all of us is that we don't simply create a world where everybody is all say yes, pay for performance and we have a look carefully whether the performance we are blessing is subject to manipulation and i think that is going to be more complex and careful mix of metrics. sorry mr. chairman. >> gentleman from texas. >> thank you for your leadership. it's been said that managers want to do things right, and leaders want to do the right thing. i think we are doing the right thing and i would like to have just a moment of sola cui because i would like to speak for the many persons who are not here for themselves.

i want to speak for the autoworkers. i speak for them because today there seems to be debate as to whether or not we should endeavor to make some adjustments with reference to executive compensation in terms how it can promote excessive risk-taking and the autoworkers have had their salaries maligned, they've been castigated for making too much money, and it is unfortunate that those doubled want to limit the salaries of all the workers but would take a firm stand against making any endeavor to look into whether or not excessive risk by way of salary has risen some of this adverse market conditions that we have. i have before me evidence of a

bill, h.r. 7321 which proposed requiring the employees of ford, gm and chrysler to compensation or nearly the same as nissan and volkswagen. it seems to me those who would sponsor this kind of legislation would find it in their heart to see if we can look into the type of legislation we are considering today. i have evidence of h.r. five which passed the house and 2005 which would have placed a cap on the percentage of damages lawyers can receive it would have kept them at 15% of the any fees over $600,000, lot of money, not nearly what others are making however. and it seems to me that if we

can kappa or try to cap the fees of lawyers who represent consumers we can also look at lawyers represent corporations. those in who are not here today i just believe they want this said because there are people who are suffering who have had their salaries cut who work in the auto industry and these are people who are now getting bonuses they believe to buy second and third homes or to buy additional cars. what they lost less money for education, money to pay house notes, money to sustain themselves and i find quite frankly disenchanting to know that there are those who would want them to receive kutz and not want us to look at the compensation these executives

are receiving that can create excessive risks in the marketplace so thank you mr. chairman for giving me this moment to voice the concerns of those who are not here. the blue-collar workers and the lawyers who represent the consumers who have gone to battle for them and made a difference in their lives and the lives of people in the country who caused us to have products that are safe by virtue of knowing that there are these lawyers who would take on these challenges and make sure the consumer is protected. we have one of the best consumer protection systems in the world and it did not post the government 1 penny because we had lawyers willing to stand up for those that could not stand up and speak up for themselves and it's very unfortunate we choose to regulate these lawyers but we don't regulate those that

don't see the need to regulate lawyers who are creating excessive risk who work with corporations. i don't want to see any bodies salary cut. i don't want to see anybody salary regulated but the american people understand something wrong has happened and they want to see us do something about it and that takes leadership. we can't just manage this problem. we've got to show leadership and make the necessary changes to eliminate this excessive risk-taking that created much of the systemic problems we have had to contend with. i yelled back. thank you. >> the gentleman from missouri. >> thinks mr. chair and just a couple of questions and comments my friends on this side of the all express' a lot of what i am feeling and even my friends on the other side of the all it could be the greatest

laissez-faire capitalist in the world have got to question when there is such serious divide between management and ownership. and, you know, i will take the quest which is a big company in colorado. quest, one of our ceos who has now gotten himself in trouble got $140 million. now, this is comparing apples and oranges but the governor of the state of colorado gets $90,000.50 thousand to $200,000 in colorado. how is it an executive gets $148 million? how does that pay come about? mr. sperling, how does anybody approve that kind of salary? >> i don't know the specific case but i will say one thing

and again you have excellent experts coming on which is one of the things, you know, one of the things that discerns me is whether or not retirement golden parachute type of payments are promoted because they are less transparent. people do not know the walkaway value of what a corporation co may have until that moment -- >> maybe give you one that you are familiar with or have a panelist. i agree appreciate getting more teeth to the compensation committee but there is still the divide between the owners of the company and the management and maybe the owners raised in, that is laissez-faire capitalism. let's take angelo mazillo with countrywide. his salary was $200 million.

$102 million. or the owners of country wide actually having a say in what he is making? if i am the owner of the company i'm going to want that in my pocket as a dividend. do you think your compensation committee approach gives those owners the strength they need to say that is too much? >> i think the case you just mentioned it goes to the height of pay for performance. there has been nothing that promotes the sense of double standard that i mentioned and i believe you were mentioning than the extraordinary cases of huge sums for ceos who have failed. and the opposition between workers losing their jobs seeing pensions cut with a failed ceo receiving enormous amount of psalms as they leave and having

failed to i think is very destructive to the kind of public trust in our financial system, and so i think that goes to the heart of everything we are talking about how, how to insure there is actually pay for performance and i think part of that is shining a spotlight on whether people are just doing compensation based on with their peer group is and whether it is acceptable to have these kind of compensation packages that allow this when there has been no performance and you know, i am heartened a little to see that i saw that a couple of the companies who were just paying back the t.a.r.p. without any push from the government i think because the focus put out statements saying they are going to do the pay for performance and they are going to give most of the compensation stock to be held for a long time and they were not having golden parachutes, so i think this goes to the heart of almost everything we are talking about. >> one more question. if when we say pay for performance is that going to be tied to the stock market because

that is a problem in and of itself. >> you're absolutely right. former chief was the first person who told me when he was at wall street his boss used to tell him never confuse brains for a bull market. >> the idea that performance is simply stock price the think it works both ways, it rewards amazing awards for people that have nothing to do with their performance, just the overall economy getting better and on the other hand i don't have a problem with rewarding an executive to bring an exceptional job in a terrible economic time. but you don't see that symmetry. the sense is people get paid a lot when they feel they get paid and succeed. chairman frank was in the paper the other day saying heads, you win, tails at least you don't lose on the packages but i do think one of the key points as talking to stock does have its risk and you know, i know some

of the experts we talked to said be careful, don't make it one-size-fits-all because if i accumulate all of my farms and i have huge stockholding and allowed to take it as soon as i retire that could create again for a corporate ceo the strategy to do strategy is about raising the stock price as they leave, so it's helpful but it's not one-size-fits-all. >> the gentleman from missouri. >> i associate myself with the comments of mr. perlmutter and i will forgo any questioning and wait until the second panel or yield to one of my colleagues on the other side. >> that concludes this panel and we will call the next panel. thank you very much. >> as the next panel comes forward they do so with my apology. i'm going to experiment with new rules in every important panel and i appreciate and look forward to learning from them. we might have to do today

hearings and have one major panel each day. we will be monitoring this -- here is our present policy. we are ready, willing and eager to stop the bombing just as stop

the war. >> telephone conversations from the final months of lyndon johnson's presidency on vietnam, you and appointees and the troubles for his book for the supreme court justice. listen saturday morning at 10 a.m. eastern on c-span retial, the baltimore area at 90.1 fm, online at c-spanradio.org at xm satellite channel 132. >> now house republicans unveiled their plan for on regulating the financial markets. it differs in many respects from the legislation favored by congressional democrats and the white house. speakers at the siege and include financial services ranking member spencer bachus and republican whip, eric cantor. this is about half an hour. [inaudible conversations] >> thank you for coming. i am joined byub